The exchange of Euro-US dollars (EUR/USD)The most currency liquid torque in the world, has increased 12.88% in the first half, surpassing Nasdaq and S&P 500 and almost rivaling Bitcoin
14.8% increases, according to data source view.
The strength of the euro has increased the attractiveness of the stable with values ​​linked to the euro.
The accumulated market capitalization of 21 stablecoins of euros tracked by the Coingcko data source has increased 44% of $ 310 million to $ 480 million. Leading the growth is the ERC Stablecoin of the circle of the American list, whose market capitalization has increased by 138% to $ 200.36 million.
“One of my betting operations this year was to transfer all my Stablcoin pile of the USDC/USDT to a stablecoin called in euros as EURC. 13% in a dollar value in less than 5 months,” legendary, the pseudonym host of the Modern Market Show, announced in X.
While the stable demand demand has increased, its combined market capitalization remains less than 1% of that of dollars, which have a cumulative market value of $ 254.88 billion.
EUR/USD has increased from 1,0354 to almost 1.17, reaching the top since September 2021. The subsidy is characterized by a breakdown in the correlation between the exchange rate and the differential between the interest rates of the Fed and the ECB, as well as a broad change based on the US dollar.
The 90 -day correlation coefficient between EUR/USD and Bitcoin has recently increased to 0.62, the highest since February 2024, indicating a moderate positive correlation between the two.
